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#MarketUpdate

🏦 US President Donald Trump and incoming Treasury Secretary Scott Bessent kept tariff talk in focus, dampening market sentiment. The risk-off mood was worsened by reports of a White House halt on federal loans and grants, concerns over Russia, and a slump in semiconductor stocks, particularly Nvidia.

📊 The risk aversion joined upbeat US regional activity data and housing market numbers to underpin the #DXY recovery from a five-week low as traders brace for this week’s top-tier catalysts including monetary policy meetings, as well as inflation data from the US and Australia.

💱 Monday’s positive German IFO data and upbeat comments from ECB President Christine Lagarde supported #EURUSD buyers but couldn’t outweigh the stronger US Dollar and expectations of lower ECB rates. Meanwhile, #GBPUSD reversed its three-day rally, pressured by a drop in UK shop prices and the Dollar’s broad strength.

🎖 #XAUUSD prices saw their biggest drop in five weeks as a stronger US Dollar and concerns over China’s economic recovery, amid looming US tariff threats, weighed on the metal. However, support from a month-long bullish chart pattern, China’s heavy gold stockpiling, and broader market uncertainty have helped pause the decline early Tuesday.

🔈 Markets witnessed movement on Monday despite a quiet calendar, but today’s key events, including the ECB Bank Lending Survey, President Lagarde’s speech, and US Durable Goods Orders for December, are set to grab traders’ attention. The US Dollar could recover the previous weekly losses, pressuring major currencies and commodities. However, #USDJPY and #XAUUSD may defy this trend due to technical setups and their safe-haven appeal.

📊 Key data releases from the US and the Eurozone will keep investors on edge this week, while Chinese New Year limits activity in Asian markets.

📌 Add the dates to your calendar to stay on top of the market. Time - GMT, MetaTrader server time.

#MarketUpdate

🏦 The risk appetite hit early Monday as multiple factors weighed on investor optimism. Disappointing economic data from China and growing doubts over the Russia-Ukraine peace talks added to global uncertainty. On top of this, a cautious mood is building ahead of major central bank decisions this week, including from the Federal Reserve, ECB, and Bank of Canada.

📊 Friday’s weak US S&P Composite and Services PMIs for January hit the #DXY, leading to its biggest weekly loss since November 2023, just ahead of this week’s FOMC meeting and Fed inflation data. The dollar’s decline allowed major currencies and Antipodeans to recover some losses, while commodities showed mixed results. #XAUUSD reached its all-time high but pulled back from $2,784.

🎖 After the biggest jump in five weeks, #XAUUSD paused its climb toward a record high, retreating from $2,784. The precious metal had benefitted from a weaker US Dollar and increased buying from China, but today’s pullback came amid a broader risk-off sentiment and disappointing PMI and industrial production data from Beijing.

💶 #EURUSD posted its biggest weekly gain since July 2023, despite mixed data from Germany and the Eurozone, along with ongoing geopolitical and trade war concerns. The pair positioned itself ahead of the Fed’s likely hawkish stance and the ECB's potential rate cut. However, early Monday saw the Euro retreat from a six-week high as the US Dollar rebounded amid a broader risk-off sentiment.

💷 #GBPUSD saw its biggest weekly gain since November 2022, fueled by Friday’s strong UK PMIs, news that UK Chancellor Rachel Reeves may use pension surpluses to drive investment, and a weaker US Dollar. However, early Monday saw the pair retreat as the US Dollar rebounded broadly, growing concerns over the UK’s economic transition and a dovish outlook for the Bank of England ahead of next week’s policy announcements.

🔈 With a holiday in Australia and a light calendar elsewhere, traders can expect less volatility on Monday. However, Germany's IFO sentiment data, US Chicago PMI, and New Home Sales will likely stir some movement, along with ongoing Trump news and sentiment building ahead of key events later in the week.

🔎 Read more on the website.

#MarketUpdate

🏦 Market sentiment saw a boost as several key factors took the spotlight. Donald Trump’s hesitation to push for additional China tariffs, alongside support for lower interest rates and an emphasis on increased infrastructure spending, helped create a positive mood. Weaker-than-expected US Jobless Claims data further reinforced this optimism.

💴 The Bank of Japan met market expectations with a rate hike, raising the benchmark to its highest level in 17 years. This move pressured #USDJPY, with additional downside driven by the BoJ’s inflation forecasts and Monetary Policy Statement. The central bank’s outlook suggested two more rate hikes in 2025, adding to the bearish sentiment around the Yen pair.

💶 #EURUSD climbed to a three-week high, boosted by a weaker US Dollar and cautious optimism in the market. A slight uptick in Eurozone Consumer Confidence for January also helped the Euro pair maintain its strength, despite the lack of significant positive data from the region.

🎖 #XAUUSD prices surged to a fresh high since October 31, driven by a weaker US Dollar and optimism linked to China. Additional support came from news that the People’s Bank of China boosted its gold reserves to the sixth highest in the world in 2024.

🔈 Market players will be closely watching the preliminary January PMIs for the UK, Eurozone, and US on Friday, as well as a speech from ECB President Christine Lagarde. The recent US Dollar pullback is expected to continue, driven by Trump-led optimism and challenges for Fed hawks, unless the US PMIs show unexpectedly strong numbers.

#MarketUpdate

🏦 Trump took to X (formerly Twitter) to reaffirm his tough stance on trade tariffs and global issues while pushing for more infrastructure investment. Meanwhile, China’s focus on boosting liquidity, and Saudi Arabia announced a $600 billion investment plan in the US, test the market's risk-off mood. However, a lack of major data allowed the US Dollar to recover early losses, putting pressure on buyers of major currencies and commodities.

💶 Several ECB policymakers, including President Christine Lagarde, supported lower rates while highlighting data dependence. This, along with concerns over US tariffs on the Eurozone and geopolitical tensions, pulled #EURUSD from a three-week high, despite weak US Leading Indicators for December.

💴 #USDJPY was pressured by strong Japanese trade data and expectations of a hawkish Bank of Japan (BoJ). However, market consolidation ahead of Friday’s BoJ rate hike and a stronger US Dollar challenged sellers.

🎖 #XAUUSD surged to its highest since October 31, driven by China’s stimulus news and concerns over trade wars and geopolitical tensions. Despite a stronger US Dollar and mixed market sentiment, gold buyers remained focused on the rally even as prices dwindle ahead of Thursday’s European session.

🔈 With a light economic calendar, traders will focus on key risk factors like news from Trump, China, and the Middle East. The US Dollar is expected to maintain its recovery amid sour sentiment, hawkish Fed views, and strong US data. This could weigh on #EURUSD, while #XAUUSD prices may stay firm. #GBPUSD is likely to stay under pressure.

#MarketUpdate

🏦 After a volatile Monday driven by Trump’s inauguration updates, traders await more clarity on his next steps, particularly on trade policies. While Trump mentioned tariffs, his lack of action kept markets uncertain, initially weighing on the USD. A cautious mood persists as traders return from the US holiday, eyeing upcoming data from the Eurozone and Canada. Concerns over Trump's inflationary policies challenge the recent risk-on sentiment.

💶 The US Dollar's decline helped #EURUSD post its biggest daily jump in 14 months, but downbeat German inflation data and updates from the EU finance ministers’ meeting brought sellers back. The bloc’s finance ministers agreed to strengthen ties to tackle trade war risks and boost EU competitiveness. German PPI showed contraction, while Eurozone construction output rose.

🎖 #XAUUSD prints a two-day winning streak while staying firmer at 11-week high. Gold is supported by market uncertainty and news from China.

🌐 A sell-the-fact move caused a pullback in major cryptocurrencies after Trump’s executive orders left out any mention of crypto, disappointing #BTCUSD and #ETHUSD buyers. That said, Bitcoin hit a new all-time high before pulling back, while #ETHUSD ended the day in the green but resumed its decline on Tuesday.

🔈 With American traders returning from the holiday and Trump’s first full day as President, markets are expected to be volatile, particularly affecting risk assets. Key data to watch includes the EU/German ZEW Sentiment and Canada’s December inflation. #XAUUSD is likely to stay firm as a haven. #EURUSD and #GBPUSD may remain under pressure.

#TechnicalAnalysis #EURUSD

🚀 EURUSD buyers pushed the price up, reaching the designated resistance zone. The price is attempting to rise further.

📊 Four zones are provided today based on the two nearest support and resistance levels.

1️⃣ If the price successfully breaks the support, then that support becomes resistance.
2️⃣ If the price successfully breaks the resistance, then that resistance becomes support.
3️⃣ If the price still fails to break the support and resistance, then a sideways movement occurs.

The presented analysis is based on the H1 time frame for intraday investors. Have good trades!

⏩ Trade now

🏦 This week, markets will closely watch the Bank of Japan's monetary policy meeting, UK employment data, and January’s preliminary economic readings.

📌 Add the dates to your calendar to stay on top of the market. Time - GMT, MetaTrader server time.

#MarketUpdate

🏦 Risk FX improved early Monday, supported by the likely absence of concerns over Trump's tariff shots in his first 100 executive orders and a US holiday. Positive sentiment also came from last week’s US consumer data, the People's Bank of China holding rates steady, and expectations for slower rate cuts from major central banks outside the US.

📊 On Friday, upbeat US industrial production and housing data helped #DXY post a small gain, though it still had its first weekly loss in seven. That said, hawkish comments from Cleveland Fed President Beth Hammack and mixed news from US-China talks kept US Dollar sellers cautious, especially with fewer rate cut expectations for 2025.

💱 #EURUSD rises after breaking a six-week downtrend, supported by European Central Bank officials’ cautious stance on further rate cuts. #GBPUSD rebounds following a solid rise in UK home prices and the Bank of England’s reluctance to cut rates further. Meanwhile, #USDJPY remains under pressure amid positive sentiment and expectations of a potential Bank of Japan rate hike this Friday.

🎖 #XAUUSD rebounds, reversing the previous day's decline, supported by stronger sentiment, a softer US Dollar, and China-related news, following a three-week uptrend.

🔈 Donald Trump’s inauguration captures global focus as he signals plans for 100 executive orders, though a US market holiday may limit immediate reactions. Tariff discussions could spark volatility, boosting the US Dollar while pressuring commodities and risk-sensitive currencies like AUD, CAD, and NZD. Early signs suggest Trump may initially hold off on heavy tariffs targeting Canada, Mexico, and China.

#MarketUpdate

🏦 Markets are uncertain early Friday, despite positive data from China on Retail Sales and GDP growth. News of a ceasefire deal between Israel and Hamas, along with weaker US Retail Sales and higher Jobless Claims, add to the mixed sentiment. However, hawkish comments from the Fed, rising trade war concerns, and a cautious mood ahead of Donald Trump’s inauguration on Monday may dampen optimism in the face of a quiet calendar ahead.

💱 Despite US data and a cautious mood weighing on the US Dollar, #EURUSD and #GBPUSD struggle to hold gains due to weak economic signals from Europe and the UK. Concerns about German stagflation, political instability in the Eurozone, and mixed ECB comments are limiting #EURUSD's recovery. Meanwhile, downbeat UK data and doubts about the new British government's economic stability are weighing on #GBPUSD.

📉 #USDJPY is poised for its biggest weekly loss in seven weeks, as new Japanese data raises expectations for a Bank of Japan rate hike. Additionally, concerns about the Japanese government stepping in to protect the yen could further impact the pair.

🎖 #XAUUSD pauses near the key $2,710-20 resistance, but is set for a third straight weekly gain. Buyers focus on mixed US data, a softer Dollar, stronger China statistics, and mixed risk news ahead of Trump’s inauguration on Monday.

🔈 After recent volatility, financial markets are expected to be quieter ahead of Monday’s US holiday and Trump’s inauguration. A light economic calendar may limit momentum, though traders could focus on revised Eurozone inflation data and US housing and industrial production figures. The US Dollar's recovery seems unlikely, which could help #XAUUSD break key resistance. Meanwhile, major currencies and Antipodeans may continue their weekly trends.

#MarketUpdate

🏦 Market sentiment is cautiously positive today, boosted by weaker-than-expected US Core CPI and a downbeat NY Empire State Manufacturing Index, which challenge the Fed’s hawkish stance. Positive signs from major economies, China’s stimulus, and mixed geopolitical tensions also help the mood.

💶 #EURUSD struggles to benefit from the US Dollar's weekly decline amid growing fears of a deeper economic contraction in Germany and mixed signals from ECB officials. Traders remain cautious ahead of the ECB Monetary Policy Meeting Accounts and US Retail Sales data. Political instability within the Eurozone also adds pressure on the pair, while the US Dollar faces a mixed market response.

💷 #GBPUSD posts its first loss in three days as weak UK inflation signals and dovish comments from BoE official Alan Taylor weigh on the British Pound. A mixed batch of UK economic data adds to the uncertainty, keeping traders cautious ahead of the key US Retail Sales report.

🔈 Today’s trading session is set to stay lively with the ECB meeting minutes and US Retail Sales taking center stage. With mixed US inflation data and weak EU statistics, #EURUSD may stay under pressure unless major surprises emerge. Even then, renewed hawkish Fed expectations could help the US Dollar recover recent losses. #XAUUSD may attempt a rebound.

🔎 Read more on the website.

The first month of the year is packed with market-moving updates and events!

📌 Add the dates to your calendar to stay on top of the market throughout January. Time - GMT, MetaTrader server time.

#MarketUpdate

🏦 Strong US jobs and inflation data, along with China’s efforts to stabilize the Yuan, roiled the market sentiment and pushed the US Dollar higher. Further, geopolitical tensions in the Middle East and concerns over Trump's trade policies also kept the US Dollar and Gold prices strong, ahead of key US inflation and retail sales data this week.

💶 The strong US Dollar, worries about the ECB and political and economic instability in the Eurozone push #EURUSD lower for the fifth day, hitting its lowest since November 2022.

💴 #USDJPY faces a three-day losing streak, despite a stronger US Dollar, as concerns grow over potential Bank of Japan rate hikes in 2025, following wage hikes and rising inflation in Japan.

🛢 Crude oil climbs over 1% intraday, reaching a nine-week high amid fears of an energy supply crunch following new UK and US sanctions on Russian exports. Additional support for oil prices comes from lower inventory levels and the OPEC+ decision to extend supply cuts.

🔈 With a light economic calendar in Europe and the US, markets could see a subdued start to the week, potentially pausing the US Dollar’s recent rally. However, expectations of a hawkish Federal Reserve, along with likely upbeat US Consumer Price Index and Retail Sales data, may keep Greenback buyers optimistic.

#TechnicalAnalysis #XAUUSD

🚀 XAUUSD buyers successfully pushed the price higher and broke the resistance zone. Gold is still showing an upward movement.

📊 Four zones are provided today based on the two nearest support and resistance levels.

1️⃣ If the price successfully breaks the support, then that support becomes resistance.
2️⃣ If the price successfully breaks the resistance, then that resistance becomes support.
3️⃣ If the price still fails to break the support and resistance, then a sideways movement occurs.

The presented analysis is based on the H1 time frame for intraday investors. Have good trades!

⏩ Trade now

#MarketUpdate

🏦 Markets are subdued early Friday before the US jobs report, with concerns over China’s economy and global tensions. The US Dollar Index (#DXY) stays strong, heading for a sixth consecutive weekly gain, fueled by hawkish Fed signals.

💱 Hawkish comments from Fed officials and strong US employment clues keep the US Dollar firm, while major currencies struggle. #EURUSD and #GBPUSD saw significant drops, falling for four straight days, as EU retail sales slowed and BoE's Sarah Breeden suggested easing policy.

🎖 #XAUUSD reinforces its haven status, supported by rising physical demand from India and China. Clues of increased stimulus from China, anxiety ahead of today’s key US data and uncertainties about central bank moves in 2025 also boost the yellow metal. As a result, Gold rises for the fourth day, on track for its biggest weekly gain in seven, despite a stronger US Dollar.

🌐 Cryptocurrencies continue to correct, with #BTCUSD and #ETHUSD falling for three straight days before trimming weekly losses early Friday. In doing so, the riskier assets appear to be positioning for a potential rally following Donald Trump’s inauguration.

🔈 The US and Canada’s December job reports are in focus. Softer US employment data could trim the US Dollar’s weekly gains, potentially lifting #XAUUSD towards $2,700. However, major currencies and Antipodeans may remain under pressure. A stronger-than-expected jobs report could boost the US Dollar and dampen Gold’s appeal.

🔎 Read more on the website.

#MarketUpdate

🏦 The US Dollar strengthened despite weak US ADP Employment data, as hawkish FOMC Minutes and comments from Treasury Secretary Janet Yellen supported expectations of higher interest rates. The FOMC highlighted inflation risks, and Yellen hinted that rates could rise more than anticipated.

🌎 Geopolitical tensions, including Trump’s threats to impose tariffs on China, Canada, and Mexico, as well as challenges to China's role in the Panama Canal, further fueled risk aversion. While these factors boosted the US Dollar, they weighed on major currencies, equities, and crude oil.

💱 #EURUSD dropped as the firm US Dollar and mixed EU data dampened sentiment. ECB policymaker Piero Cipollone’s resistance to predetermined rate cuts amplified the pair's weakness. Similarly, #GBPUSD fell, pressured by declining UK shop prices and soft inflation signals, raising expectations of Bank of England rate cuts.

🎖 #XAUUSD managed to hold its recent gains, supported by market uncertainty and demand from China and India, despite early losses after China’s weak inflation data.

🔈 Looking ahead, speeches from five Fed officials could provide market direction, but with a US holiday and a light global calendar, volatility might remain subdued. The US Dollar's strength is likely to persist, keeping pressure on #EURUSD, #GBPUSD. #Gold may trade sideways, while #CrudeOil remains under pressure.

🔎 Read more on the website.

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#MarketUpdate

🏦 Market sentiment is mixed but slightly positive as traders focus on the end of a volatile 2024, with attention on #XAUUSD's rise and US Dollar strength. Positive news from China boosted sentiment in Asia, while Japan's data dragged #USDJPY from a multi-week high.

💱 Despite mixed US jobless claims and a weak Wall Street close on Thursday, the US Dollar is set to post weekly gains, fueled by a hawkish Fed and year-end consolidation. The Greenback's strength is putting pressure on #EURUSD and #GBPUSD, driven by negative factors in Europe and the UK, along with dovish stances from ECB and BoE.

🎖 #XAUUSD is on track for its biggest yearly gain since 2010, despite losing momentum early Friday. The precious metal reflects strong market confidence in traditional safe havens. Uncertainty around monetary policies and concerns over rising geopolitical and trade tensions, especially with Donald Trump’s re-election, are driving demand for gold.

🌐 #BTCUSD and #ETHUSD saw their biggest daily loss in over a week before posting modest gains early Friday. The leading cryptocurrencies struggle to capitalize on industry-positive news and higher #ETF inflows amid year-end consolidation.

Key asset trends ⬇️

🟣 Bullish Move Expected: USDCAD, #USDJPY, #BTCUSD, ETHUSD
🟣 Further Downside Likely: AUDUSD, NZDUSD, #GBPUSD
🟣 Sideways Movement Anticipated: Nasdaq, #XAUUSD, DJI30

#MarketUpdate

🏦 Even as US traders return from Christmas, markets remain uncertain. Boxing Day holidays in Europe, the UK, and Canada limit activity, and a sparse calendar in Japan and China further dampens momentum.

💶 #EURUSD remains under pressure as the ECB dovish stance combines with political unrest in France and Germany. Adding to the downside are a hawkish Fed outlook and rising trade tensions between China and Europe.

💴 #USDJPY continues its 3-day uptrend as comments from BoJ Governor Kazuo Ueda disappoint policy hawks. However, Japan’s likely first positive output gap in 7 years challenges the pair's buyers, keeping the trading session uncertain.

🎖 #XAUUSD benefits from market uncertainty, leveraging its traditional haven appeal. Rising annual demand for the metal and skepticism over the US Dollar's further strength add to its bullish momentum.

🔈 A series of mid-tier data from the US could provide some action for momentum traders, especially with US participants returning from the Christmas holiday. Key releases include US Weekly Jobless Claims and EIA Crude Oil Inventories. The US Dollar is expected to hold onto gains amid a hawkish Fed bias, unless the data disappoints.

#TechnicalAnalysis #XAUUSD

🚀 Gold buyers are pushing the price up, approaching the entrance to the resistance zone. Gold is currently in a state of retracement.

📊 Four zones are provided today based on the two nearest support and resistance levels.

1️⃣ If the price successfully breaks the support, then that support becomes resistance.
2️⃣ If the price successfully breaks the resistance, then that resistance becomes support.
3️⃣ If the price still fails to break the support and resistance, then a sideways movement occurs.

The presented analysis is based on the H1 time frame for intraday investors. Have good trades!

⏩ Trade now

#MarketUpdate

🏦 Market momentum remains limited in early Tuesday as mixed sentiment and the holiday mood take hold. The US Dollar faces challenges in holding its gains, with recent US data raising doubts about the Fed’s hawkish stance. Meanwhile, China’s Ministry of Finance announced fiscal measures to support its struggling economy, helping Asian stocks follow Wall Street's modest gains.

🕵️‍♂️ On Monday, the US launched a trade investigation into "legacy" Chinese semiconductors, fueling concerns about a potential trade war, which weighed on #AUDUSD. The pair extended its losses after dovish RBA minutes added to its struggles.

💷 #GBPUSD sees some buying as traders take advantage of previous losses amid thin liquidity and the US Dollar’s recent struggles. However, weak UK GDP data and concerns over further rate cuts from the Bank of England are keeping Pound buyers cautious.

💴 The Bank of Japan's October meeting Minutes revealed policymakers are open to further rate hikes if inflation and growth align with expectations, leading to a pullback in #USDJPY. Japan’s Finance Minister, Katsunobu Kato, also indicated readiness to intervene to defend the Yen in case of excessive moves.

🎖 Gold rebounds, reversing previous losses, as traders seek safe haven amid mixed market sentiment. There's also optimism for a strong year-end close, with gold set for its biggest annual rally since 2010. However, a stronger US Dollar is limiting #XAUUSD gains.

🔈 With major data and events absent, holiday trading in key economies will keep market momentum subdued. Light trading and low liquidity mean prices could fluctuate sharply, so caution is advised. While recent gains in #XAUUSD could face challenges, the US Dollar may stay stronger, supported by a broadly hawkish Fed outlook for 2025.

#MarketUpdate

🏦 Market enters holiday mode with low liquidity as traders await Christmas. Mixed sentiment surrounds the US Fed's 2025 plans after a surprising Core PCE Price Index, while geopolitical concerns add uncertainty.

📊 Although Friday’s US Core PCE Price Index raised doubts about the Fed’s rate cuts in 2025, the overall sentiment surrounding the US central bank’s moves in the upcoming year remains hawkish, especially after last week’s FOMC. The same joins increasing optimism about raising the US debt ceiling and underpin the US Dollar strength.

💶 #EURUSD lacks upside momentum as European Central Bank President Christine Lagarde hints at further rate cuts in her interview with the Financial Times.

💴 #USDJPY picks up bids to reverse the previous day’s retreat from a five-month high, especially amid mixed feelings about the Bank of Japan’s next rate hikes and the market intervention to defend the Yen.

🎖 Geopolitical concerns join the year-end consolidation and an illiquid trading session to help commodities reverse previous losses. #XAUUSD has an added advantage in the form of China stimulus to print a three-day uptrend.

🔈 The US Chicago Fed National Activity Index and December Consumer Confidence will be key to shaping market sentiment. While the US Dollar is likely to remain strong, any surprises could spark a corrective bounce amid year-end consolidation.

#MarketUpdate

🏦 Market sentiment is weak on Friday, driven by concerns over a potential US government shutdown, China’s plunging bond yields, and trade tensions with the US. Geopolitical risks and caution ahead of the US Core PCE Price Index also weigh the risk appetite.

📊 The US Dollar rises on positive Q3 GDP data and lower jobless claims, supporting expectations for slower rate cuts in 2025. This strengthens the Greenback, putting pressure on #EURUSD, while #GBPUSD hits a seven-month low and #XAUUSD lacks upward momentum.

💶 #EURUSD stays near its yearly low, pressured by a stronger US Dollar, weak EU data, and political turmoil in Germany and France. ECB's dovish stance adds to the downside risk, although market inactivity limits further declines.

🌐 #BTCUSD drops for the third straight day to a three-week low, while #ETHUSD extends its losing streak, as traders liquidate long positions due to hawkish Fed concerns and lack of major positive news from the crypto sector.

🔈 After a week of heavy volatility, Friday's trading could be muted unless upcoming data or events cause surprises. Key releases include the UK Retail Sales for November, the BoE Quarterly Bulletin, and Eurozone Consumer Confidence for December, which may influence momentum traders. However, all eyes will be on the US Core PCE Price Index.

The US inflation data could help the US Dollar extend its gains, especially with the Fed signaling slower rate cuts in 2025. This could pressure gold till it remains below the $2,613-20 resistance.

#MarketUpdate

🏦 The Fed's hawkish rate cut stirred market sentiment and boosted the US Dollar late Wednesday. Policymakers surprised markets by supporting slower rate cuts in 2025, despite the expected 0.25% reduction. Positive remarks from Fed Chair Jerome Powell on inflation and Cleveland Fed President Beth Hammack's dissent against further rate cuts also strengthened #DXY.

📈 It's important to note that incoming President Donald Trump's pressure to raise the debt ceiling, along with ongoing geopolitical and trade war concerns, added to the post-Fed consolidation, putting the US Dollar bulls to the test ahead of the final readings of US Q3 GDP.

💶 In addition to the broad strength of the US Dollar, weak inflation data from the Eurozone and dovish comments from ECB officials added further downside pressure on #EURUSD. The Euro also faced headwinds from ongoing political turmoil in France and Germany.

💷 #GBPUSD struggled due to mixed UK inflation figures and disappointing CBI trends total orders data. The Bank of England’s likely inaction, combined with growing economic concerns in the UK, continues to weigh on the Pound Sterling.

🌐 Popular cryptocurrencies paused their rallies after the Fed's announcements, with Chairman Jerome Powell explicitly ruling out the central bank holding Bitcoin in its reserves. #BTCUSD saw its biggest daily drop in four months, before bouncing off a week’s low. #ETHUSD also suffered a steep two-day decline, followed by modest gains near its weekly low.

🔈 After a volatile day and subsequent consolidation, market liquidity may remain low. However, upcoming events like the final US Q3 GDP readings, weekly jobless claims, and monthly housing data will keep intraday traders engaged.

The US Dollar may stay firm but could face difficulty surpassing its recent peak unless upcoming data strengthens the Greenback—something that's unlikely. This could allow Gold to recover some losses, but a sustained rebound will depend on #XAUUSD holding above $2,618.

#TechnicalAnalysis #XAUUSD

🚀 Gold sellers pushed the price down hard, breaking through the provided support zones. Gold is now in decline.

📊 Four zones are provided today based on the two nearest support and resistance levels.

1️⃣ If the price successfully breaks the support, then that support becomes resistance.
2️⃣ If the price successfully breaks the resistance, then that resistance becomes support.
3️⃣ If the price still fails to break the support and resistance, then a sideways movement occurs.

The presented analysis is based on the H1 time frame for intraday investors. Have good trades!

⏩ Trade now

#MarketUpdate

🏦 Markets are cautiously optimistic today, with news of China’s stimulus and hopes for a US Federal Reserve rate cut boosting sentiment. However, concerns over China’s bond market signaling depression and the Sino-American trade/political tensions weigh on confidence ahead of key events.

💶 #EURUSD is making modest gains within its weekly range but lacks strong upward momentum. The multi-year low sentiment details from Germany and the Eurozone, along with political instability in the region, are putting pressure on the pair. Dovish comments from ECB officials and concerns about slower US Federal Reserve rate cuts in 2025 also limit the Euro’s potential.

💴 #USDJPY remains under pressure after pulling back from a three-week high. The pair continues to reflect its risk-sensitive nature, with traders also factoring in expectations for further rate hikes from the Bank of Japan, even though no rate changes are expected in 2024.

🎖 #XAUUSD remains under pressure, holding below the previous day's break of a month-old support line, which now acts as immediate resistance. The precious metal is weighed down by the hawkish Fed stance and concerns about China’s economic outlook. However, gold’s safe-haven appeal, coupled with hopes for more stimulus from China and an increase in gold reserves, is providing some support and preventing further declines.

🔈 Traders are largely focused on hawkish expectations for the Fed, even though a 25 basis point rate cut is expected. Markets anticipate stronger US economic forecasts and slower rate cuts in 2025, which could boost the US Dollar.

📊 If this occurs, #EURUSD could face further downside pressure due to ongoing issues in the Eurozone, while #XAUUSD may continue its technical breakdown, targeting $2,633 support. The #GBPUSD and #USDJPY reactions could be mixed. However, any unexpected weakness in the US Dollar is likely to be short-lived, as attention quickly turns to Thursday's US Q3 GDP data and Friday’s Core PCE Price Index—the Fed's preferred measure of inflation.

#MarketUpdate

🏦 Market sentiment is uncertain on Tuesday as traders await key data from the UK, Canada, and the US. Liquidity is also low ahead of Wednesday's FOMC meeting and weak PMI from major economies.

🇨🇳 China's record $45.7 billion capital outflow in November and escalating US-China tensions are affecting global risk appetite, impacting the Antipodean currencies and commodities.

💶 Mixed PMI data and political turmoil in Germany, as Chancellor Scholz loses a no-confidence vote, limit #EURUSD gains. The ECB's dovish signals and weak economic indicators in the Eurozone also limit Euro gains.

💷 #GBPUSD retreats from its largest daily gain in two weeks as the UK's PMI data shows weak growth, while economic concerns and the BoE’s cautious stance weigh on the Pound ahead of key reports this week.

🔈 Looking ahead, UK employment data is a key focus, along with Canadian inflation and US retail sales, which may impact momentum. #GBPUSD is unlikely to see a strong rally even if the US data disappoint. The US dollar may remain defensive amid mixed Fed signals, while #XAUUSD may ease as traders await the FOMC’s rate decision.

#TechnicalAnalysis #XAUUSD

🚀 Gold sellers are pushing the price down, entering the resistance zone. XAUUSD is currently in a downtrend.

📊 Four zones are provided today based on the two nearest support and resistance levels.

1️⃣ If the price successfully breaks the support, then that support becomes resistance.
2️⃣ If the price successfully breaks the resistance, then that resistance becomes support.
3️⃣ If the price still fails to break the support and resistance, then a sideways movement occurs.

The presented analysis is based on the H1 time frame for intraday investors. Have good trades!

⏩ Trade now

📌 Don't miss out on many great trading opportunities this week. Save this post to stay informed.

⏰ Time: GMT, MetaTrader server time.

#MarketUpdate

🏦 Markets remain cautious ahead of major events, including the FOMC rate cut, December PMIs, Fed inflation, and central bank decisions from the Bank of England (BoE) and Bank of Japan (BoJ). Adding to the unease are updates from China and anticipation of today’s PMIs and ECB President Christine Lagarde’s speech.

💱 #EURUSD recovers from a three-week low as the US Dollar retreats, though ECB dovishness and weak EU economic sentiment ahead of PMIs cap gains. Lagarde’s speech could halt #EURUSD’s rebound if she highlights continued economic concerns for the Eurozone. #GBPUSD bounces back but struggles as UK manufacturers report the steepest drop in confidence since the pandemic, coupled with a 1.7% fall in house prices.

🌐 #BTCUSD hits a fresh all-time high near $106.5K, testing a three-week-old resistance. Meanwhile, #ETHUSD struggles for upward momentum despite bullish factors like Ukraine’s plan to legalize crypto by 2025, strong ETF inflows, and Trump-backed World Liberty Financial (WLFI) endorsing cryptocurrencies as superior reserve assets amid inflation concerns and potential Fed rate cuts.

Key asset trends ⬇️

🟣 Bullish Move Expected: #USDCAD, #USDJPY, BTCUSD, ETHUSD
🟣 Sideways Movement Anticipated: Nasdaq, #XAUUSD, DJI30
🟣 Slow & Gradual Fall Eyed: DAX, FTSE 100, EURUSD, Crude Oil

#TechnicalAnalysis #XAUUSD

🚀 Gold sellers are pushing the price down and have broken the support zone. XAUUSD is currently in a downtrend.

📊 Four zones are provided today based on the two nearest support and resistance levels.

1️⃣ If the price successfully breaks the support, then that support becomes resistance.
2️⃣ If the price successfully breaks the resistance, then that resistance becomes support.
3️⃣ If the price still fails to break the support and resistance, then a sideways movement occurs.

The presented analysis is based on the H1 time frame for intraday investors. Have good trades!

⏩ Trade now

#MarketUpdate

💵 Thursday's ECB rate cut and strong US Producer Price Index (PPI) data kept the US Dollar strong despite a rise in US Jobless Claims. The Greenback benefited from signs of persistent US inflation, even with a Fed rate cut expected in December. Mixed risk news also helped the US Dollar maintain its lead.

💱 #GBPUSD faces a three-day losing streak, despite improved UK Consumer Confidence, as the Bank of England’s reluctance to hike rates and ongoing economic challenges weigh on the Pound. Meanwhile, #USDJPY rises for the fifth day in a row, heading for a two-week uptrend, even as the Bank of Japan’s Q4 Tankan Survey boosting BoJ hawkish sentiment.

🎖 #XAUUSD breaks a two-week downtrend, despite pulling back from key resistance. The metal benefits from China’s buying, market uncertainty, and geopolitical concerns. The likely US Fed rate cut also supports #XAUUSD ahead of next week’s central bank decision.

🌐 Top cryptocurrencies are on track for a weekly loss but remain near multi-year highs. #BTCUSD and #ETHUSD are supported by favorable industry positioning from Donald Trump's diplomats, along with positive on-chain data and ETF inflows.

🔈 After a week of heightened volatility from inflation data and central bank moves, traders can expect a quiet end with a light news calendar. Market momentum may also slow as caution sets in ahead of next week's monetary policy meeting of the FOMC. However, monthly UK data, Eurozone Industrial Production, and the US Import-Export Price Index could still provide opportunities for intraday traders.

#XAUUSD could benefit from market uncertainty and expectations of a Fed rate cut, possibly pushing it towards the $2,710-18 resistance zone, especially with a potential "Golden Cross" forming on the four-hour chart.

#MarketUpdate

🏦 Global markets face low liquidity ahead of key events this week, including today’s US Consumer Price Index (CPI) report and Thursday’s European Central Bank (ECB) policy announcements. Additionally, growth forecasts from the Asian Development Bank (ADB) are adding to the market’s caution.

💶 The US Dollar’s strength, combined with dovish comments from ECB’s Francois Villeroy de Galhau and political uncertainty in Germany, is weighing on #EURUSD. Talks of a no-confidence vote against German Chancellor Scholz and ongoing production declines forecasted by the VDMA for 2025 add to the bearish sentiment on the Euro. The ECB is also expected to cut rates on Thursday.

💴 #USDJPY bulls face resistance near the 200-SMA, with Japan’s record PPI inflation and mixed results from the Q4 Business Outlook Survey adding pressure. The inflation data strengthens hawkish expectations for the Bank of Japan, making it harder for the pair to rise.

🎖 #XAUUSD prices are struggling to extend their three-day winning streak, despite hitting a two-week high. The retreat is likely due to a stronger US Dollar and consolidation ahead of the US inflation data. Additionally, hawkish concerns about the Fed in 2025, along with ongoing issues in China, are limiting further gains for the precious metal.

🔈 With the upbeat US CPI data expected on Wednesday and the ECB likely to cut rates on Thursday, #EURUSD could dip further toward its November low. Even if US inflation eases and the ECB surprises with a hawkish stance, the Euro may struggle to bounce due to concerns over Germany’s recession and the ECB’s readiness for more rate cuts.

#XAUUSD may pull back to support levels around $2,670 and $2,653 on a stronger Dollar, but a downtrend is unlikely unless it drops below $2,627. Upside potential remains limited under $2,721.

🔎 Read the full version of the news article on our website.

#MarketUpdate

🏦 China’s announcements for heavy stimulus to defend growth bolstered market sentiment the previous day, allowing Antipodeans and commodities to begin the week on a positive note. The US Dollar, however, resisted stepping back and extended Friday’s gains.

💵 On Monday, strong US GDP, inflation, and employment clues boosted the US Dollar, extending Friday's gains despite optimism from China. That said, the Atlanta Fed's GDPNow model kept its strong Q4 growth forecast at 3.3%, while US Employment Trends posted a solid November reading of 109.55, up from 107.66.

🌏 Taiwan raised military alerts due to increased Chinese navy and coast guard activity. This, combined with geopolitical tensions in the Middle East, a pullback in IT stocks, and trade war concerns, dampens sentiment and provides support for the US Dollar.

💴 #USDJPY sees mild losses after reaching its highest level in over a week, consolidating Monday's significant gains. The Yen pair benefited from upbeat comments by Japan's Economy Minister, who noted that while Japan hasn't fully emerged from deflation, a positive cycle of wage hikes and price increases is underway.

🌐 The crypto market consolidates recent gains amid a quiet news flow and cautious sentiment ahead of this week’s key US inflation data. However, concerns over China adding Bitcoin to its reserves, along with Trump-led industry optimism, help support #BTCUSD and #ETHUSD prices.

📊 Recent weak data from Germany and the Eurozone has weighed on #EURUSD, while strong US economic signals have supported the US Dollar. As a result, #EURUSD may face continued downward pressure, unless there are positive surprises from Germany.

#XAUUSD could stay strong despite a potential US Dollar rally, while #USDJPY may reverse its pullback amid uncertainty over the Bank of Japan's and Federal Reserve's monetary policy differences.

Hello traders! The actual NFP release reached 227K. ooo o? wrote the closest prediction and met all the requirements, congratulations 🎉

Send your account number in the comments to claim your prize 🎁

#MarketUpdate

🏦 Market sentiment stays cautious early on Monday as traders await important economic data and events this week. This comes amid weak inflation signals from China and strong US jobs data. Additional concerns about the US-China trade tensions, political instability in the Eurozone, and doubts over China’s ability to boost its economy with stimulus are also weighing on sentiment.

📊 Last Friday, upbeat US Nonfarm Payrolls (NFP) and the University of Michigan’s Consumer Sentiment Index, along with hawkish comments from Federal Reserve officials, boosted the US Dollar. San Francisco Fed President Mary Daly noted that inflation is close to the 2% target, and the labor market is in balance. The US Dollar’s recovery is putting pressure on #EURUSD and #GBPUSD, with negative domestic factors adding to the downside.

💴 #USDJPY has pulled back, as a hawkish shift from the Bank of Japan and fears of intervention to defend the Yen weigh on the pair. Strong Q3 GDP growth and a positive Eco Watchers Survey from Japan also contributed to the retreat in #USDJPY prices.

🎖 Gold prices are resisting declines despite a firmer US Dollar, driven by its safe-haven appeal and China’s first increase in gold reserves in six months. #XAUUSD buyers remain hopeful as the US Dollar shows a hesitant recovery, while trade war fears and rising geopolitical tensions add to gold's appeal.

🔈 With a lack of major data and events on Monday, market activity is expected to be subdued, with mixed sentiment holding sway. Key asset trends:

🟣 Bullish Move Expected: USDCAD, #USDJPY, Silver, #BTCUSD
🟣 Further Downside Likely: AUDUSD, NZDUSD, #GBPUSD
🟣 Sideways Movement Anticipated: Nasdaq, #XAUUSD, DJI30

🔈 This week picks up steam with key events, including RBA Interest Rate Decision, US CPI, and monetary policy announcements from the ECB.

⏰ Don't miss out on trading opportunities. Save this post to stay informed. Time: GMT, MetaTrader server time.

#MarketUpdate

🏦 Market sentiment is cautious ahead of the key US employment report, with mixed data from major economies and limited geopolitical or trade news adding to the uncertainty. Despite Fed Chair Jerome Powell's hawkish remarks, which continue to support the US Dollar, early employment signals look weak.

📉 #DXY saw its biggest drop of the week, weighed down by disappointing US Jobless Claims and Challenger Job Cuts, which raised doubts about the strength of the US labor market. The lack of change in market expectations for a Fed rate cut in December also pressured the Greenback.

💱 Disappointing Eurozone and German data, along with French political turmoil, weigh on #EURUSD bulls, especially with a dovish ECB outlook. #GBPUSD also struggles for upside momentum as BoE policymaker Megan Greene highlights inflation pressures and weak growth. #USDJPY remains lower as BoJ policymaker Toyoaki Nakamura signals a cautious approach to rate hikes, emphasizing data dependency.

📊 Fears that China won't announce major stimulus in December, along with economic struggles in commodity-using countries, are weighing on the Australian, New Zealand, and Canadian Dollars. Concerns about potential rate cuts from the Bank of Canada and economic challenges in Australia and New Zealand add further pressure.

🎖 #XAUUSD prices should have gained from the US Dollar’s retreat, but lack strength due to hawkish Fed signals. Mixed geopolitical tensions, trade war concerns, and market indecision ahead of key events also challenge #XAUUSD buyers.

🔈 With traders pricing in a nearly 70% chance of a Fed rate cut in December, despite hawkish comments from Fed Chair Jerome Powell, today’s US employment data for November will be key. #NFP are expected to jump from 12K to 200K. If the US data beats expectations, the US Dollar could recover, even with a likely rate cut in December. This could halt the recent recoveries in gold and major currencies, while pushing down Antipodean currencies.

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#TechnicalAnalysis #XAUUSD

🚀 XAUUSD sellers are lowering prices, successfully breaking through the provided support zone. Gold is currently making a retracement.

📊 Four zones are provided today based on the two nearest support and resistance levels.

1️⃣ If the price successfully breaks the support, then that support becomes resistance.
2️⃣ If the price successfully breaks the resistance, then that resistance becomes support.
3️⃣ If the price still fails to break the support and resistance, then a sideways movement occurs.

The presented analysis is based on the H1 time frame for intraday investors. Have good trades!

⏩ Trade now

#MarketUpdate

🏦 Market sentiment remains uncertain early Thursday as month-end consolidation and the US Thanksgiving holiday keep trading subdued. Mixed US economic data and ongoing geopolitical concerns add to the indecision.

📊 US Durable Goods Orders and Chicago PMI fell short of expectations on Wednesday. However, stronger-than-expected Core PCE Price Index, Q3 GDP revision, and an improved Goods Trade Balance provided some optimism. #DXY saw its sharpest daily drop in three months, yet gold and crude oil prices stayed under pressure.

💶 #EURUSD looks poised to break its three-week losing streak. Support comes from European Central Bank President's willingness to negotiate on US trade tariffs. While Germany’s GfK Consumer Confidence fell to its lowest since May, earlier data from the Eurozone and Germany eased fears of a deep recession and worsening employment conditions.

💴 #USDJPY is set for its largest weekly drop since early September, ending a two-week rally. Signals of rising inflation and wages in Japan hint at more Bank of Japan rate hikes. Yen’s safe-haven appeal and Tokyo’s readiness for market intervention to defend the currency add further pressure on #USDJPY.

🔈 With US markets closed for Thanksgiving, momentum will slow on Thursday, especially with a quiet economic calendar elsewhere. However, Germany's November inflation data and Eurozone sentiment figures could spark interest for traders.

Month-end consolidation may weaken the US Dollar, helping #EURUSD rise if EU/German data are positive. #XAUUSD and oil might continue their recent pullbacks, and the Antipodean currencies could post gains if the Greenback remains weak. Cryptocurrencies might stay stronger.

#TechnicalAnalysis #XAUUSD

🚀 Gold sellers prevented a breakout of the resistance zone. Gold remains in a sideways trend.

📊 Four zones are provided today based on the two nearest support and resistance levels.

1️⃣ If the price successfully breaks the support, then that support becomes resistance.
2️⃣ If the price successfully breaks the resistance, then that resistance becomes support.
3️⃣ If the price still fails to break the support and resistance, then a sideways movement occurs.

The presented analysis is based on the H1 time frame for intraday investors. Have good trades!

⏩ Trade now

#MarketUpdate

🏦 The news of an Israel-Lebanon ceasefire and mixed US data sparks cautious optimism early Wednesday, putting pressure on US Dollar bulls ahead of key economic releases. However, the hawkish FOMC Minutes, concerns over global trade wars, and persistent geopolitical tensions continue to support haven demand for the US Dollar and Gold.

🇺🇸 On Tuesday, the Fed Minutes revealed that many participants cited uncertainty over the neutral rate, leading to slower-than-expected rate cuts. Meanwhile, US data showed weaker-than-expected figures, including the CB Consumer Confidence and Richmond Fed Manufacturing Index for November and slower growth in October's New Home Sales.

🇳🇿 The Reserve Bank of New Zealand’s (RBNZ) 0.50% rate cut did not prevent #NZDUSD from rebounding from its lowest level since early November 2023. This bounce is attributed to the central bank’s more favorable inflation, growth, and interest rate forecasts, alongside an optimistic outlook from RBNZ Governor Adrian Orr.

💱 #EURUSD and #GBPUSD remain under pressure at multi-month lows, driven by concerns over slow economic recovery in Europe and the UK. The policymakers' resistance to aggressive rate cuts and dismissal of rate hike discussions also weigh on the Euro and British Pound.

🔈 After a busy Tuesday and a strong start to the day, Wednesday is expected to stay lively, with a range of important US economic data shaping the calendar. Key releases include the US Core PCE Price Index for October, along with Durable Goods Orders, Jobless Claims, Goods Trade Balance, Chicago PMI, and Pending Home Sales.

The US Dollar is likely to remain strong if the data points to steady inflation, robust employment, and positive activity and housing numbers, exerting pressure on major currencies, Antipodeans, and Crude Oil.

#TechnicalAnalysis #XAUUSD

🚀 Gold buyers pushed the price up and prevented it from breaking through the support level. XAUUSD remains in a sideways trend.

📊 Four zones are provided today based on the two nearest support and resistance levels.

1️⃣ If the price successfully breaks the support, then that support becomes resistance.
2️⃣ If the price successfully breaks the resistance, then that resistance becomes support.
3️⃣ If the price still fails to break the support and resistance, then a sideways movement occurs.

The presented analysis is based on the H1 time frame for intraday investors. Have good trades!

⏩ Trade now

#MarketUpdate

🏦 Global markets saw strong activity on Monday, driven by a risk-on mood following news of a ceasefire between Israel and Lebanon. This weighed on safe-haven assets like the US Dollar and Gold while boosting Crude Oil prices. Dovish comments from the US Fed, ECB, and BoE supported sentiment.

🇺🇸 US President-elect Donald Trump announced plans to impose tariffs on the US’s top three trading partners, including a 25% tariff on Mexico and Canada, and a 10% tariff on Chinese goods. In response to Trump’s tariff plans, China warned that no one would win a trade war, while Canada’s PM Justin Trudeau called Trump to discuss trade and border security.

💶 While the US Dollar started the week weaker, #EURUSD briefly bounced off its yearly low. However, disappointing German data for November and dovish comments from ECB officials pulled the pair back toward recent lows.

💷 #GBPUSD struggled to hold onto the previous day’s bounce from a 13-month support line, amid mixed news from the UK. The British Retail Consortium’s November shop price index showed a slight improvement at -0.6% YoY, compared to -0.8%. However, Bank of England policymaker Swati Dhingra stated that the economic outlook is uncertain and difficult to predict.

🔈 Looking ahead, the FOMC meeting minutes and November’s CB Consumer Confidence data will be in focus. Geopolitical and trade war developments also remain key, as they could lead to unexpected market moves.

With the US Dollar recovering, supported by a risk-off mood, hawkish Fed signals, and strong US data, the Greenback could continue its recent rally, pressuring Gold and major currency pairs like EURUSD and GBPUSD.

#TechnicalAnalysis #XAUUSD

🚀 XAUUSD bears remain strong and are pushing the price down again. Gold experienced its biggest daily drop since June.

📊 Four zones are provided today based on the two nearest support and resistance levels.

1️⃣ If the price successfully breaks the support, then that support becomes resistance.
2️⃣ If the price successfully breaks the resistance, then that resistance becomes support.
3️⃣ If the price still fails to break the support and resistance, then a sideways movement occurs.

The presented analysis is based on the H1 time frame for intraday investors. Have good trades!

⏩ Trade now

📌 With a light calendar on Monday and the Thanksgiving holiday on Thursday, market moves could be limited this week. Don't miss out on the remaining trading opportunities!

⏰ Save this post to stay informed. Time: GMT+2, MetaTrader server time.

#MarketUpdate

🏦 Traders are seeing some optimism early Monday, driven by hopes of a ceasefire between Israel and Lebanon, and no negative news from China. There's also growing confidence in a soft landing for the US and Eurozone, plus expectations that central banks may lower rates.

📊 On Friday, the Fed's Financial Stability Report highlighted the US government's fiscal sustainability as the top risk to the financial system. The November S&P PMI data for the US showed stronger performance than Europe and the UK, helping push #DXY to its highest level since November 2022. However, mixed University of Michigan data and cautious market optimism led to a pullback in the #DXY afterward.

💶 Eurozone November PMIs disappointed #EURUSD buyers, weighed down by dovish ECB comments and fears of a German recession dragging down the region. ECB's Francois Villeroy de Galhau mentioned that falling inflation could allow for rate cuts, signaling a "soft landing" for the economy. However, Deutsche Bundesbank President Joachim Nagel warned that Germany’s stagnation could lead to a tough start for the next year. As a result, #EURUSD hit a new yearly low, marking a third consecutive week of declines before today's bounce.

🌐 Optimism from Donald Trump's election and industry developments are keeping #BTCUSD and #ETHUSD buyers hopeful. This week, the CBoE is set to launch the first-ever cash-settled index options tied to Bitcoin's spot price, adding to the Trump-related optimism and driving cryptocurrency prices higher.

🔈 This week, key events include the US Core PCE Price Index, the Minutes from the latest FOMC meeting, and the RBNZ's monetary policy decision. Inflation data from the Eurozone and Australia, along with US Consumer Confidence, will also be in focus.

Hawkish Fed signals, fresh geopolitical tensions, and dovish data from other regions could keep the US Dollar strong. With a light calendar on Monday and the Thanksgiving holiday on Thursday, market moves could be limited this week.

#TechnicalAnalysis #XAUUSD

🚀 XAUUSD sellers have become active and have broken through the support zone. Gold is attempting to change its trend.

📊 Four zones are provided today based on the two nearest support and resistance levels.

1️⃣ If the price successfully breaks the support, then that support becomes resistance.
2️⃣ If the price successfully breaks the resistance, then that resistance becomes support.
3️⃣ If the price still fails to break the support and resistance, then a sideways movement occurs.

The presented analysis is based on the H1 time frame for intraday investors. Have good trades!

⏩ Trade now

#MarketUpdate

🏦 Traders are focused on the upcoming November PMI data and UK Retail Sales on Friday. Mixed geopolitical news from Russia, Ukraine, and the Middle East, along with a hawkish Fed, has supported the US Dollar's weekly gains. However, Gold is still rising, hitting a two-week high as investors seek safe-haven assets in uncertain times.

📈 #DXY hit a new high since October 2023, marking its third straight day of gains. #XAUUSD rises for the fourth straight day, hitting a two-week high, driven by stimulus news from China and Japan, alongside market uncertainty over central bank policies and geopolitical tensions. Despite a stronger US Dollar, Gold is targeting the key $2,710-2,715 resistance zone.

💱 #EURUSD fell to its lowest level since October 2023, despite ECB's Robert Holzmann stressing the need for continued restrictive policies. #GBPUSD hit a six-month low as BoE's Catherine Mann suggested holding rates longer to assess inflation persistence.

💴 #USDJPY remained subdued, impacted by mixed PMI data, inflation figures, and uncertainty over the Bank of Japan's next moves. Japan's November PMIs showed a dip in Manufacturing but an improvement in Services, keeping the Composite stable.

🔈 On Friday, UK Retail Sales for October will catch the eye of momentum traders, but the focus will shift to the preliminary November PMIs for the Eurozone, Germany, the UK, and the US. While UK and EU data may not boost #GBPUSD or #EURUSD, strong US PMI numbers could fuel further US Dollar gains, potentially challenging Gold buyers.

🔎 Read the full version of the news article on our website.

#MarketUpdate

🏦 On Wednesday, hawkish Fed talks, geopolitical tensions, and volatile equities fueled demand for safe havens like the US Dollar and Gold. Early Thursday, risk sentiment stays weak amid China’s economic concerns, global trade war fears, and escalating conflicts involving Russia-Ukraine and Iran-Israel. Markets also await US Jobless Claims and Friday’s November PMIs, which add to the dicey momentum and favor haven assets.

🎖 #XAUUSD continues to shine as a safe-haven asset, rising for the fourth consecutive day, breaking through a three-week resistance and surpassing the 50-day EMA. However, its upward momentum is facing challenges, including fears of weaker growth in China and mounting expectations for a slower pace of Fed rate cuts.

💷 The US Dollar’s strong comeback overshadowed positive UK inflation data, pushing #GBPUSD towards its first daily loss in four days. Concerns over the UK's economic transition and challenges for the BoE added to the downward pressure.

💶 Talk of the US Federal Reserve nearing a neutral rate contrasts with European Central Bank officials pushing for more rate cuts, putting pressure on #EURUSD prices. ECB concerns over Eurozone growth risks and fiscal policies add to the bearish sentiment. EU-China tensions, the Russian war, and fears of a German recession further weigh on the Euro, leaving bears hopeful ahead of Friday's Eurozone and German PMI data for November.

🔈 Traders will be watching closely for speeches from policymakers from the BoE, ECB, and Fed. Key data to watch include Canadian price figures, US Jobless Claims, and the Philadelphia Fed Manufacturing Survey.

Given the relatively mild nature of these events, a major shift in the US Dollar's current strength is unlikely unless the outcomes are extreme. However, the Greenback's potential for further gains could face resistance ahead of Friday’s PMIs, which might boost #XAUUSD prices. #EURUSD, #GBPUSD, and #USDJPY may not benefit from any US Dollar retreat due to their own bearish catalysts.

#MarketUpdate

🏦 Market sentiment is mixed early Wednesday, with geopolitical news and central bank comments keeping traders cautious ahead of key data this week. The US dollar halted a three-day losing streak, gaining against most currencies (except the Japanese yen), as well as gold and crude oil prices.

📊 On Tuesday, the US Dollar fell for the third day, driven by weak US housing data and comments from Kansas City Fed President Jeffrey Schmid, who noted rates are still restrictive but not excessively so. Geopolitical tensions also weighed on market sentiment. The People’s Bank of China kept rates unchanged, while concerns about Chinese vessel activity and Russia’s nuclear plans added to the risk.

💴 #USDJPY overlooked Japan's export rebound from a 43-month low, as verbal interventions by Japanese policymakers lost their impact. The Yen remains the only major currency weakening against the US Dollar.

💷 #GBPUSD struggles to take advantage of the US Dollar’s weakness amid unclear updates from the UK. On Wednesday, The Resolution Foundation, a UK think tank, questioned the accuracy of Britain’s labor market data, complicating the Bank of England's decisions on rate cuts. Notably, the latest UK inflation data for October supports the BoE's resistance to sharp rate cuts, easing pressure on #GBPUSD during its initial release.

🌐 Crypto buyers are upbeat over news that the Trump administration plans to appoint crypto lawyer Teresa Goody Guillén as the next SEC chair, helping #BTCUSD reach a new all-time high near $94,000. However, #ETHUSD pulled back from a weekly high and remains sluggish, with bearish signals emerging from on-chain and derivatives data.

Key asset trends ⬇️

🟣 Recovery Expected: USDCAD, USDJPY, BTCUSD, ETHUSD
🟣 Mostly Sideways Expectations: Nasdaq, #XAUUSD, DJI30

#TechnicalAnalysis #EURUSD

🚀 EURUSD buyers continue to push the price up after entering the provided support zone. The price is attempting a retracement.

Four zones are provided today based on the two nearest support and resistance levels.

1️⃣ If the price successfully breaks the support, then that support becomes resistance.
2️⃣ If the price successfully breaks the resistance, then that resistance becomes support.
3️⃣ If the price still fails to break the support and resistance, then a sideways movement occurs.

The presented analysis is based on the D1 time frame for intraday investors. Have good trades!

⏩ Trade now

#MarketUpdate

🏦 Monday’s cautious optimism and a lack of major catalysts kicked off the market's consolidation phase. A technical correction and pullback in Treasury yields triggered the US Dollar’s long-awaited dip, allowing riskier assets to recover. #XAUUSD posted its biggest daily gain in three months. Meanwhile, #USDJPY struggled to reflect the US Dollar's weakness, amid mixed signals from Bank of Japan Governor Kazuo Ueda.

🎖 #XAUUSD saw its biggest gain since early August, supported by the US Dollar's pullback, positive China news, and cautious market optimism. Technical support and hopes for lower rates from major central banks also fueled the rally, despite resistance from Fed and BoJ officials.

💴 #USDJPY failed to capitalize on the US Dollar’s weakness, as BoJ Governor Ueda opposed further rate hikes. The Yen pair retreated early Tuesday after Japanese officials called for higher wages and curbing excessive FX moves.

💱 The US Dollar’s pullback allowed #EURUSD and #GBPUSD to recover from multi-week lows, but dovish remarks from European Central Bank and Bank of England officials reignited the downtrend on Tuesday. ECB’s Gabriel Makhlouf cautioned against expecting a December rate cut, while BoE’s Megan Greene highlighted a downward trend in UK services inflation.

🔈 Tuesday's economic calendar includes the BoE Monetary Policy Report, Canadian CPI, BoC CPI, and US housing data. The US Dollar could see a corrective bounce, challenging #EURUSD and #GBPUSD recoveries, while #XAUUSD may keep the latest rebound amid market uncertainty.

🔎 Read the full version of the news article on our website.

#MarketUpdate

🏦 Markets are quiet early Monday as traders await more data and events to build on last week’s volatility. Risk sentiment remains slightly positive, supported by China’s potential for more stimulus and fresh challenges for the Fed hawks, especially with a light economic calendar. This tests US Dollar bulls and allows other risk assets to consolidate recent losses.

📊 On Friday, mixed US Retail Sales and Industrial Production data dampened hawkish Fed expectations, especially as FOMC members hesitated to support slower rate cuts. This challenged the US Dollar bulls and allowed other major currencies, commodities, and Antipodean currencies to recover some weekly losses. Despite this,#DXY posted its biggest weekly gain since late September.

💱 While the US Dollar’s weakness gives #EURUSD and #GBPUSD bears a break, their rebound remains limited due to dovish comments from European Central Bank officials and mixed UK data. Additionally, the European Commission's forecast of a German recession and weaker UK growth data, released on Friday, add further downside pressure on EUR and GBP.

💴 #USDJPY marked the biggest drop in seven weeks the previous day, due to speculation of market intervention and a pullback in the US Dollar after mixed US data. However, the Yen pair bounced back on Monday, aided by Bank of Japan Governor Kuroda’s cautious stance on rate hikes, amid weak Japan Machinery Orders for September.

🔈 Unlike last week, the economic calendar is light, with few catalysts ahead of Friday's preliminary PMIs for November. However, speeches from BOJ Governor Kuroda, ECB President Christine Lagarde, and several mid-tier FOMC members, along with inflation data from Canada and the UK, will keep traders engaged. Gold might reverse earlier losses, while cryptocurrencies could face losses, with little new positive news following Trump’s election victory.

📌 Don't miss out on trading opportunities in November. Save this post to stay informed.

⏰ Time: GMT+2, MetaTrader server time.

#TechnicalAnalysis #XAUUSD

🚀 Gold buyers continue to push the price higher after entering the provided support zone. Gold is attempting to show a potential trend reversal.

📊 Four zones are provided today based on the two nearest support and resistance levels.

1️⃣ If the price successfully breaks the support, then that support becomes resistance.
2️⃣ If the price successfully breaks the resistance, then that resistance becomes support.
3️⃣ If the price still fails to break the support and resistance, then a sideways movement occurs.

The presented analysis is based on the H1 time frame for intraday investors. Have good trades!

⏩ Trade now

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#MarketUpdate

🏦 Despite mixed geopolitical developments and mostly positive US economic data, financial markets continue to reflect the post-US election mood, keeping the US Dollar strong. However, caution remains as traders await key economic reports from the UK and US, while uncertainty over Donald Trump's cabinet picks adds to the overall tension.

💵 In addition to the market sentiment, Thursday’s strong US PPI, softer Jobless Claims, and Fed Chair Powell’s unexpected defense of higher rates set #DXY up for its biggest weekly gain since late September. Moreover, several Federal Reserve officials opposed faster rate cuts, while weaker data from outside the US further boosted the Greenback’s strength.

🎖 #XAUUSD prices remain flat at a 2-month low, battling a five-day downtrend and heading for the biggest weekly drop in 41 months. The decline is driven by a stronger US Dollar, concerns over China’s economy, and a technical breakdown following the end of India’s buying season.

🔈 A busy day ahead for traders with key UK growth and activity data during the European session, followed by US Retail Sales for October and speeches from central bank officials to round out the week. The US Dollar could maintain its recent gains, bolstered by a hawkish Fed outlook and optimism about the US economic transition, while Gold is expected to finish the week on a bearish note.

🔎 Read the full version of the news article on our website.

#MarketUpdate

🏦 Markets remain cautious early Thursday, with sentiment weighed down by unimpressive US inflation data and hawkish comments from Federal Reserve (Fed) officials. Traders are holding back as they await key events later in the day.

📊 Although Wednesday’s US inflation data for October, including CPI, came in as expected, remarks from several Federal Reserve officials about a higher neutral interest rate and ongoing inflation pushed #DXY to its highest level in a year.

💶 The strength of the US Dollar, combined with dovish remarks from European Central Bank (ECB) officials, has pushed #EURUSD lower ahead of today’s Eurozone GDP data. The Euro is also under pressure from rising geopolitical tensions within the bloc and concerns over a potential economic crisis in Germany, leading #EURUSD to hit a yearly low.

💴 #USDJPY has risen for the fourth consecutive day, reaching its highest level since late July, despite Japan’s government planning to extend electricity and gas price subsidies into next year. The continued rise of the Yen pair is also fueled by growing unease about the Bank of Japan’s stance on higher rates within the current coalition government.

🎖 #XAUUSD prices are under pressure from a stronger US Dollar and concerns about weaker demand from China, with sellers driving prices to a two-month low. The precious metal broke through a key support around $2,600 the day before, which is now acting as resistance, and continued its five-day downtrend, hitting a multi-day low.

🔈 Market participants will focus on the second readings of Eurozone Q3 GDP, Employment, and September Industrial Production, which are expected to provide key insights into the region’s economic health. Following that, speeches from Bank of England Governor Andrew Bailey and Federal Reserve Chair Jerome Powell will be in the spotlight, offering further direction on monetary policy expectations.

The US Dollar is likely to remain strong, with bulls pushing against a two-year-old resistance line, supported by hawkish Fed expectations and optimism around a potential economic boost under a Trump administration. This strength may continue to weigh on #EURUSD, particularly if the Eurozone data disappoints. Meanwhile, the BoE’s failure to convince market hawks, combined with ongoing concerns about the UK economy, is expected to put downside pressure on #GBPUSD.

#MarketUpdate

🏦 Early Friday, market activity remains subdued as traders anticipate the October US employment report, amid fears of weaker jobs data due to hurricanes and strikes. This sentiment puts downward pressure on the US Dollar Index (DXY), which is coming off a four-day losing streak and after experiencing its largest monthly gain since September 2022.

📊 Additionally, grim comments from the IMF regarding Asia and rising geopolitical tensions in the Middle East are contributing to pre-data caution, challenging optimists and providing some support for the US Dollar, while also helping #XAUUSD recover after its biggest daily drop in 15 weeks.

🔈 The headline NFP is expected to drop to 113K from 254K, with the unemployment rate likely holding steady at 4.1%. If the data surprises positively, it could help the US Dollar consolidate its weekly losses, potentially challenging #XAUUSD buyers while keeping #EURUSD from rising further.

💵 Thursday's stronger US Core PCE Price Index along with weaker jobless claims, didn't energize US dollar bulls despite significant monthly gains in 25 months. However, prevailing sour sentiment and positioning ahead of the NFP report have allowed the #DXY to halt its decline.

💶 The US Dollar's decline, coupled with positive Eurozone inflation, employment, and retail sales figures, has fueled a rebound in #EURUSD. This uptick is further supported by ECB officials emphasizing a data-driven approach for any future rate cuts.

🛢 Crude oil prices are rising, recovering from a gap down at the start of the week, fueled by declining inventories and an anticipated delay in the OPEC+ supply increase. Additionally, reports of Iran preparing for a strong response to Israeli attacks are contributing to the energy market's upward momentum.

#MarketUpdate

📊 Market sentiment is cautious early Thursday after a wild day, despite efforts from Asia-Pacific data to attract momentum traders. This hesitation likely stems from anticipation surrounding the US Core PCE Price Index, also known as the Fed's favorite inflation measure, and Friday's October employment report, especially the NFP.

🔈 Market participants can expect increased volatility on Thursday and Friday with significant data from the Eurozone and the US set to be released. Concerns about disappointing US jobs and activity data have pressured US dollar bulls, but a positive surprise in the statistics could spark a recovery for the Greenback. Such a shift might also lead to a pullback in #EURUSD, especially as disinflation in the Eurozone receives limited support from ECB officials, hinting at potential rate cuts from the region's central banks.

🎖 Gold is on track for its fourth consecutive week of gains, consistently hitting all-time highs, even if early Thursday shows some lack of momentum. The latest report from the World Gold Council (WGC) reveals that gold investment demand soared to its highest level in 12 years during Q3 2024, further fueling bullish sentiment among buyers. #XAUUSD is likely to stay firm, supported by China's stimulus and ongoing global market uncertainty. However, any rebound in the US dollar could challenge bullish momentum, making it tough for gold to break through the recent resistance level of $2,800.

💴 #USDJPY has been an interesting pair after starting the week with a gap-up due to political disappointment. However, it broke a three-day winning streak early Thursday after the BoJ kept rates unchanged, meeting market expectations. Additionally, the USD’s retreat and mostly weak data from Japan also challenge the Yen buyers.

💷 #GBPUSD struggles to gain traction despite the softer US Dollar, as UK Chancellor's preliminary budget forecasts for growth and inflation did not impress the Pound buyers. Concerns over high taxes, a sluggish economy, and a lack of confidence in the new government are also weighing on the British currency.

#TechnicalAnalysis #EURUSD

🚀 EURUSD buyers entered the support zone for the first time in a long time. The price remains in a sideways condition.

📊 Four zones are provided today based on the two nearest support and resistance levels.

1️⃣ If the price successfully breaks the support, then that support becomes resistance.
2️⃣ If the price successfully breaks the resistance, then that resistance becomes support.
3️⃣ If the price still fails to break the support and resistance, then a sideways movement occurs.

The presented analysis is based on the D1 time frame for intraday investors. Have good trades!

⏩ Trade now

#MarketUpdate

🏦 Traders are now focused on a key economic data set to release this week, increasing demand for safer investments. This boosts gold prices and helps the Japanese Yen (JPY) recover. Meanwhile, the US Dollar struggles to gain traction as traders await important growth, inflation, and employment reports later in the week.

🔈 The preliminary Q3 2024 GDP readings from Germany, the Eurozone, and the US will be closely watched. Concerns about the economic impact of recent US hurricanes and strikes, coupled with the Fed policymakers’ blackout period, may lead to further declines in the US Dollar if the upcoming data fails to support a "soft landing" for the economy. This could push gold prices to new all-time highs.

🎖 Negative news from China and Iran is impacting market sentiment but hasn’t helped the US Dollar. This weakness allowed #XAUUSD to make its biggest daily jump in 5 weeks, reaching an all-time high. However, disappointment over China's expected $1.4 trillion stimulus, lacking strong details, dampens the optimism of the gold buyers. Meanwhile, rising geopolitical tensions from Iran’s threats against Israel are adding to the uncertainty.

💱 The US Dollar’s struggle to rise, combined with positive German consumer confidence data for November, is helping the #EURUSD pair recover. This sentiment, along with a reassessment of the UK budget’s impact on the economy, is boosting #GBPUSD prices. On the other hand, #USDJPY is lacking momentum as Japan’s consumer confidence for October fell to a five-month low.

🌐 Crypto buyers are pushing back against the US Treasury Department's National Strategy for Financial Inclusion, which labels crypto as risky. #BTCUSD recently hit its highest point since March, fueled by concerns over relaxed industry regulations following the US elections. Similarly, #ETHUSD has gained for 4 consecutive days.

🗓 This week, important releases include the initial readings of EU and US Q3 GDP data (on Wednesday), the US Core PCE Price Index, and Nonfarm Payrolls (NFP).

📌 Save this post to stay informed. Time: GMT+2, MetaTrader server time.

#MarketUpdate

🏦 Strong US data, along with hawkish Fed signals and market uncertainty, support a four-week uptrend in #DXY. Positive results from September’s Durable Goods Orders and the University of Michigan's Consumer Sentiment Index bolster expectations for slower Fed rate cuts.

💱 Despite a positive German Ifo Sentiment Index, #EURUSD has declined for four consecutive weeks amid a dovish outlook for the ECB, despite President Lagarde's comments on disinflation. #GBPUSD also faces pressure as the Bank of England counters market speculation about faster rate cuts amid a risky UK budget and mixed data.

💴 #USDJPY opened the week with an upside gap after Japan's ruling party lost its majority, raising concerns about the Bank of Japan's ability to raise rates and support wages, further weighing on the Yen.

🌐 #BTCUSD and #ETHUSD recorded weekly losses despite crypto traders remain optimistic about the potential impact of the US Presidential Election on the industry. This downturn may be related to discussions about the FBI's investigation into Tether and the US Treasury Department's consideration of sanctions against it.

📊 With ongoing risk aversion and a hawkish stance from the Fed contrasting with dovish expectations from other major central banks, the US Dollar is likely to stay strong. This could put pressure on major currencies and Antipodeans unless upcoming data challenges the Fed's readiness for slower rate cuts.

#TechnicalAnalysis #XAUUSD

🚀 Gold buyers are pushing the price higher again, trying to break through the resistance zone. Gold remains in a sideways condition.

📊 Four zones are provided today based on the two nearest support and resistance levels.

1️⃣ If the price successfully breaks the support, then that support becomes resistance.
2️⃣ If the price successfully breaks the resistance, then that resistance becomes support.
3️⃣ If the price still fails to break the support and resistance, then a sideways movement occurs.

The presented analysis is based on the H1 time frame for intraday investors. Have good trades!

⏩ Trade now

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#MarketUpdate

🏦 A surprising drop in U.S. Initial Jobless Claims, combined with mostly positive S&P Global PMIs, has renewed optimism about the US economy. However, this data didn't help the dollar, as #DXY ended a three-day winning streak, marking its largest daily loss in a month. This dip occurred as the market consolidated ahead of the US Durable Goods Orders.

💶 The #EURUSD pair is having difficulty holding onto its recent bounce from its lowest level since early July. This comes as EU PMIs and discussions from the European Central Bank (ECB) fail to inspire confidence among euro bulls, especially with fears of an economic downturn in Germany.

💴 #USDJPY lacks downward momentum after retreating from a multi-day high. Yen traders are feeling the pressure ahead of weekend elections in Japan, especially given a five-month low in Tokyo inflation and mixed signals about potential market interventions to support the yen.

🎖 Despite the US Dollar lacking upward momentum and a sense of cautious optimism in the market, #XAUUSD prices are staying within a weekly trading range, showing slight losses recently. The latest decline in gold is largely attributed to concerns over China's economic recovery and a growing hawkish stance about the Federal Reserve.

🌐 The recent US Dollar pullback, optimism surrounding the US Presidential Elections, and significant ETF inflows haven't boosted interest in #BTCUSD and #ETHUSD. The reason could be linked to institutional investors’ month-end profit-taking as they await crucial US economic data. As a result, both Bitcoin and Ethereum are on track to post their first weekly losses in 3 weeks.

🔈 Market participants can expect a relatively quiet day, with a light economic calendar outside the US. However, the US Durable Goods Orders for September, projected to drop by 1.0% compared to a flat 0.0% prior, could capture the attention of USD traders. If the data shows a positive surprise, it may spark a new rally for the US Dollar, putting additional downward pressure on gold.

#TechnicalAnalysis #XAUUSD

🚀 Gold sellers have pushed the price down and away from the resistance zone. Gold remains in a sideways condition.

📊 Four zones are provided today based on the two nearest support and resistance levels.

1️⃣ If the price successfully breaks the support, then that support becomes resistance.
2️⃣ If the price successfully breaks the resistance, then that resistance becomes support.
3️⃣ If the price still fails to break the support and resistance, then a sideways movement occurs.

The presented analysis is based on the H1 time frame for intraday investors. Have good trades!

⏩ Trade now

#MarketUpdate

📉 #XAUUSD prices gradually reverse Wednesday’s decline from an all-time high as traders prepare for October’s preliminary PMIs from major economies. The previous day saw gold experience its biggest daily loss in 11 weeks, driven by expectations of slower rate cuts from the US Federal Reserve and concerns about China's economic transition.

The ongoing market uncertainty is driving traders toward this traditional safe haven. Additionally, speculation that BRICS nations are considering a new currency backed by gold and silver is further supporting gold's ascent.

🏦 On Wednesday, statements from policymakers created uncertainty about future rate decisions. While officials from the ECB, BoE, and BoC seem more inclined toward significant rate cuts, Fed officials continue to uphold a hawkish stance, bolstered by recent US data.

💶 Comments from ECB, along with a Reuters report from multiple sources, indicate that further rate cuts are on the horizon for the central bank. This outlook reflects ongoing economic sluggishness in the region, putting pressure on Euro prices. Consequently, #EURUSD fell to its lowest level since early July before recovering slightly and breaking a three-day losing streak early Thursday.

💴 Bank of Japan stated on Wednesday that achieving a sustainable 2% inflation is still a challenge. These remarks indicate hurdles for further rate hikes, supporting #USDJPY prices. Similarly, the October flash PMIs showed a sharper contraction in manufacturing and services compared to the previous month.

Key asset trends ⬇️

🟣 Further Downside Likely: AUDUSD, NZDUSD, #GBPUSD
🟣 Mostly Sideways Expectations: #BTCUSD, Nasdaq, #XAUUSD, DJI30
🟣 Slow & Gradual Fall Expected: DAX, FTSE 100, #EURUSD, Crude Oil

#MarketUpdate

🏦 Market sentiment is uncertain early Wednesday following a mixed close the day before. Still, optimism around US economic growth and the Fed's rate decisions has kept #DXY strong, supported by news from the International Monetary Fund (IMF) and varied economic data.

📊 On Tuesday, the IMF released its quarterly economic forecasts, boosting the US Dollar by predicting strong US growth and weaker GDP elsewhere. The IMF also criticized China’s policies as inadequate for driving growth in the second-largest economy and forecasted softer inflation outside of Australia, along with negative effects from the US-China trade war and Eurozone issues.

💷 Bank of England (BoE) Governor Andrew Bailey offered no clues about future interest rate decisions, causing #GBPUSD to drop to a new nine-week low, influenced by overall US Dollar strength. However, a late Tuesday rebound created a Doji candlestick on the daily chart, signaling a possible pause for Cable bears.

📈 #XAUUSD and Crude Oil prices remain strong despite the US Dollar's strength. The uncertainty in the market and mixed signals from the IMF have boosted Gold's appeal as a safe haven. Meanwhile, Crude Oil has continued its three-day uptrend, shrugging off a surprise increase in US inventories, driven by fresh geopolitical tensions in the Middle East and hopes for stimulus in China.

🔈 Looking ahead, monetary policy decisions from the Bank of Canada (BoC) will be closely watched, as the central bank is expected to cut the benchmark rate by 0.50%, which could boost USDCAD prices. Also significant are upcoming speeches from key central bankers in Europe, the UK, Canada, and the US.

#TechnicalAnalysis #EURUSD

🚀 EURUSD sellers successfully continue to push the price down. Prices remain in a downtrend.

📊 Four zones are provided today based on the two nearest support and resistance levels.

1️⃣ If the price successfully breaks the support, then that support becomes resistance.
2️⃣ If the price successfully breaks the resistance, then that resistance becomes support.
3️⃣ If the price still fails to break the support and resistance, then a sideways movement occurs.

The presented analysis is based on the D1 time frame for intraday investors. Have good trades!

⏩ Trade now

#MarketUpdate

🏦 Risk appetite remains slightly downbeat early Tuesday, after witnessing a mixed start to the week, with traders worried about slower rate cuts from the US Federal Reserve. Additionally, doubts about China’s ability to sustain growth, despite various stimulus measures, are weighing on sentiment.

💵 On Monday, several Federal Reserve officials emphasized their hawkish stance, countering expectations for aggressive rate cuts. This helped #DXY reach an 11-week high, although it showed a lackluster performance in early Tuesday trading.

💱 #EURUSD faces pressure from dovish comments by ECB officials and disappointing economic data from the Eurozone. Similarly, #GBPUSD hovers around a monthly low as traders await remarks from BoE Governor Andrew Bailey and other key officials. Last week’s UK Retail Sales data alleviated some recession fears, providing support for the Cable.

🌐 Like major currencies, #BTCUSD and #ETHUSD experienced their largest daily drop in two weeks, largely influenced by the strength of the US Dollar. However, optimism surrounding potential US SEC regulations after the upcoming Presidential Elections, along with significant ETF inflows, is helping to support cryptocurrency prices.

🔈 Tuesday is packed with speeches from central bank officials in Europe, the UK, and the US, with particular focus on BoE Governor Bailey and ECB President Lagarde. Additionally, statements from second-tier FOMC members and US Richmond Fed Manufacturing data will be closely watched.

Hawkish comments from Fed officials and positive US data could help the Greenback maintain its breakout above the 200-SMA. This scenario could also impact recent oil price recoveries and put pressure on gold buyers.

#TechnicalAnalysis #XAUUSD

🚀 Gold buyers have successfully returned the price to the top resistance zone and are trying to create a new all-time high.

📊 Four zones are provided today based on the two nearest support and resistance levels.

1️⃣ If the price successfully breaks the support, then that support becomes resistance.
2️⃣ If the price successfully breaks the resistance, then that resistance becomes support.
3️⃣ If the price still fails to break the support and resistance, then a sideways movement occurs.

The presented analysis is based on the H1 time frame for intraday investors. Have good trades!

⏩ Trade now

#MarketUpdate

🏦 Last week’s US data and the European Central Bank’s rate cut contributed to a three-week uptrend in the US Dollar Index (#DXY), despite a pullback from the 200-SMA on Friday amid mixed signals from the Fed.

💱 Doubts about dovish expectations for the Fed, fueled by strong US inflation data and hawkish Fed comments, are pressuring #EURUSD and #GBPUSD buyers. While these major pairs saw a corrective bounce late last week due to slightly positive Eurozone and UK data, rising expectations for further rate cuts from the ECB and BoE are weighing on the Euro and the Pound.

🎖 The People’s Bank of China’s rate cuts, Chinese stimulus, and the festive season in India have driven #XAUUSD prices to record highs, even as the US Dollar strengthens. This surge in bullion prices also reflects the market's flight to traditional safe-haven assets during times of economic uncertainty.

🛢 Crude Oil prices remain under pressure near monthly lows due to concerns about lower energy demand from China, increased OPEC+ output, and easing geopolitical tensions in the Middle East.

🔈 Later this week, the #USD may pull back if the PMIs and Durable Goods Orders raise hopes for two more Fed rate cuts, especially if FOMC speakers tone down hawkish views. #EURUSD might struggle due to weak expectations from the EU PMIs and a dovish ECB stance. The Japanese Yen and Gold may perform well due to their safe-haven status and the hawkish Bank of Japan.

Key asset trends ⬇️

🟣 Recovery Expected: USDJPY, Silver
🟣 Further Downside Likely: AUDUSD, NZDUSD, GBPUSD
🟣 Mostly Sideways Expectations: BTCUSD, ETHUSD, Nasdaq, Gold, DJI30

What are your trading plans for this week? Share in the comments 👇

📊 The current week seems to be quiet due to the lighter calendar. Key events to watch include the Bank of Canada’s monetary policy announcement on Wednesday and the preliminary October PMIs for the Eurozone and US on Thursday.

📌 Save this post to stay informed. Time: GMT+3, MetaTrader server time.

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#MarketUpdate

🏦 On Thursday, the upbeat prints of the US Retail Sales joined the European Central Bank’s rate cut, as well as dovish signals, to propel the US Dollar Index (#DXY) to a fresh 10-week high. Also helping the Greenback were chatters about US Presidential Candidate Donald Trump’s tariff policy and the International Monetary Fund’s criticism of Chinese measures to revive the economic transition.

📊 Early on Friday, Japan's inflation data remained at or above the Bank of Japan's 2% target, despite slight easing in two indicators. Following that, China reported positive Q3 GDP, along with strong Industrial Production and Retail Sales. The People’s Bank of China launched a relending facility to support stock buybacks and hinted at further rate and reserve requirement cuts.

💱 The ECB’s expected 0.25% rate cut, along with its willingness for more cuts and acknowledgment of economic weakness, pushed the #EURUSD to an 11-week low. #GBPUSD holds onto its recovery from a two-month low, supported by positive UK retail sales figures for September.

🎖 #XAUUSD continues to rise, reaching a new all-time high near $2,714, driven by positive news from China, expectations of lower rates, and a flight to safety amid uncertainty. Meanwhile, crude oil is bouncing back from its lowest level since October 1, supported by a surprise draw in US crude inventories and a pullback in the US Dollar.

Have you benefited from the recent surge in gold prices? Share in the comments 👇

#MarketUpdate

🏦 Financial markets remain sidelined early Thursday, consolidating previous moves, as traders prepare for a “Super Thursday” comprising the ECB Interest Rate Decision and the US Retail Sales. Also restricting the market moves are mixed geopolitical headlines surrounding the Middle East and China.

💵 The US Dollar Index (#DXY) reached its highest level since early August, buoyed by a hawkish Fed bias, even after unimpressive data the previous day. The dollar’s strength was further supported by weak UK inflation and worries about possible rate cuts from the ECB. Additionally, uncertainty around the Bank of Japan’s future rate hikes and increasing talk of a dovish shift from the Bank of Canada also helped the Greenback stay strong.

🎖 #XAUUSD price crossed a three-week-old resistance and braces for a fresh all-time high as traders’ rush for risk-safety fuels the traditional haven. In doing so, the precious metal ignores China woes and the US Dollar’s latest strength.

🔈 The ECB is expected to cut benchmark rates by 0.25%, which could put downward pressure on #EURUSD and boost the US Dollar. However, the real focus will be on the ECB's statement and President Christine Lagarde’s press conference, as Euro bears will look for hints about further rate cuts that could significantly impact the currency pair and strengthen the US Dollar.

📊 In the US, Retail Sales and other secondary data could support hopes for a "soft landing," benefiting US Dollar bulls and challenging commodity buyers while weighing on Antipodean currencies. However, any disappointing US data could impact the already strong US Dollar, potentially boosting Gold prices and halting declines in other commodities and currencies.

🔎 Read more on the website.

#TechnicalAnalysis #EURUSD

🚀 EURUSD sellers remain strong, entering the third consecutive support zone. The price is in a downtrend.

📊 Four zones are provided today based on the two nearest support and resistance levels.

1️⃣ If the price successfully breaks the support, then that support becomes resistance.
2️⃣ If the price successfully breaks the resistance, then that resistance becomes support.
3️⃣ If the price still fails to break the support and resistance, then a sideways movement occurs.

The presented analysis is based on the H1 time frame for intraday investors. Have good trades!

⏩ Trade now

#MarketUpdate

🏦 After a strong start to the week, market sentiment has changed as traders prepare for key updates. Concerns are rising from mixed news from China and the Middle East, along with falling chipmaker stocks. Disappointing US data adds to the uncertainty as everyone waits for the upcoming U.S. Retail Sales report and the European Central Bank's interest rate decision.

💶 Even with a slowdown in the US Dollar's rise and positive Eurozone IFO and Industrial Production data putting pressure on #EURUSD sellers, the pair's recovery isn't gaining traction due to a cautious outlook on the European Central Bank.

💷 #GBPUSD slumped after UK inflation data reinforced a dovish outlook for the Bank of England (BoE). It's important to mention that the previous day's mixed employment signals from the UK and a weaker US Dollar had led to a corrective bounce in the pair.

🛢 Crude Oil isn't benefiting from the market's consolidation, as the International Energy Agency (IEA) has lowered its 2024 oil demand growth forecast due to issues in China. This stands in contrast to the overly optimistic predictions from OPEC.

🔈 Having witnessed the initial reaction to the British and New Zealand inflation numbers, Wednesday's economic calendar is relatively quiet, featuring only a speech from ECB President Christine Lagarde and the US Monthly Budget Statement. Lagarde's remarks may not dampen excitement ahead of Thursday's ECB announcements, and the U.S. Monthly Budget often has minimal market impact.

📈 In this context, the US Dollar is likely to edge higher and can keep challenging buyers of Antipodeans and major currencies. Commodities may have mixed trading, but Gold is poised for a potential new record high.

#TechnicalAnalysis #XAUUSD

🚀 XAUUSD prices are rising again. Buyers are pushing gold higher, it is already approaching its top resistance zone and historical maximum.

Four zones are provided today based on the two nearest support and resistance levels.

1️⃣ If the price successfully breaks the support, then that support becomes resistance.
2️⃣ If the price successfully breaks the resistance, then that resistance becomes support.
3️⃣ If the price still fails to break the support and resistance, then a sideways movement occurs.

The presented analysis is based on the H1 time frame for intraday investors. Have good trades!

⏩ Trade now